Brazil writes off $900mn African debt

Brazilian President Dilma Rousseff was one of the opening speakers at the forum [Xinhua Images]

 

Brazil has announced plans to cancel $900 million worth of debt in 12 African countries.

This was announced on the sidelines of African Union celebrations to mark 50 years of the continental bloc.

Brazilian President Dilma Rousseff was one of the opening speakers at the forum.

“The idea of having Africa as a special relationship for Brazil is strategic for Brazil’s foreign policy,” presidential spokesman Thomas Traumann told reporters. Read More